Home Equity & HELOC

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Owning a home is an important part of your life. We offer mortgage and home equity services so that you may enjoy the home of your dreams. Whether you are looking to refinance or remodel, we can help you get the most value out of your home.

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Home Equity Loans

Discover the equity in your home. Apply for a home equity loan and receive a lump sum of cash so that you can install your new flooring or remodel your kitchen. A home equity loan is also a great way to pay for a new home theater, afford a dream wedding or consolidate your debt.

Canyon State Home Equity Loans allow you to borrow against the equity you have in your home. Interest rates on a home equity loan are considerably lower than that of an unsecured loan or credit card and interest may be tax deductible (consult a tax advisor regarding the deductibility of interest).

With a Canyon State Home Equity Loan you can borrow up to 100% of your home’s fair market value and choose from terms up to 15 years.

Features include:

  • Easy application and quick approvals with local decision making
  • Low, fixed rates
  • Funds received in one lump sum
  • No prepayment penalty

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Home Equity Lines of Credit (HELOC)

Use the equity in your home! Apply for a line of credit. Spend the money however you want - take an exotic vacation, add on a room to your house or anything else you have in mind. You only pay interest on the money that you use.

A Canyon State Credit Union Home Equity Line of Credit Loan or HELOC is a credit line that lets you borrow up to 100% of your home’s value. It is a revolving-loan product that allows you to access your available credit line, as needed, during your draw period.* You credit line is replenished every time you pay it down. For example, you can draw funds to add a new family room and, as you pay that balance down or off, you can draw from additional funds for other important uses, up to your available limit.

*The initial draw period is for 10 years, with a 15 year repayment period.

Features include:

  • Easy application and quick approvals with local decision making
  • Low variable rates
  • Draw period of 10 years with up to a 15-year repayment plan
  • Interest may be tax deductible (consult a tax advisor regarding the deductibility of interest).
  • No prepayment penalty
  • No minimum draw amount
  • No annual fee or inactivity fee
  • No closing costs or fees

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Borrowing Is Simple

  1. Call us at 623.580.6000 or 800.224.3330, visit any Canyon State Credit Union branch or apply online.
  2. Provide a few necessary documents to process your loan application.
  3. We'll close your loan in no time.

Financial Calculators
Click here to calculate your new payments, how much home you can afford, and more.